Posts Tagged ‘below’
Short GBP/USD on Sustained Break Below 38.2 Fibo, 50-DMA
The GBP/USD failed to break above a descending trend line that has been in place since July, suggesting that the next move is lower towards the Range Bottom.
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Short EUR/GBP on Break Below 20-DMA
The EUR/GBP has been oscillating in a 300-pip channel the past three-plus-months, and with a recent test of the upper bound having been rejected, the pair looks to trade back towards its Range Bottom.
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